platypus,
@platypus@glammr.us avatar

"For the fiscal year ending June 2023, OCLC revenue totaled nearly $225 million, up from $220 million in the previous fiscal year." oh cool https://americanlibrariesmagazine.org/2024/05/01/2024-library-systems-report/

dsalo,
@dsalo@digipres.club avatar

@platypus

and they're using that extra 5mil on lawsuits

aaaaaaaaaaaaaaaaaaaawesome

platypus,
@platypus@glammr.us avatar

@dsalo yeah, like it's revenue vs. profits but I'd love to know if they're writing those lawsuits into expenses.........

JMarkOckerbloom,
@JMarkOckerbloom@mastodon.social avatar

@platypus @dsalo Presumably they are expenses, though I don't know if or how they'd appear on something like a form 990. The most recent 990 available from them is for the fiscal year ending June 2022 (the same month they filed suit against Clarivate, though I don't know if there were significant expenses related to that suit in the fiscal year.). They usually file their 990s in mid-May (so the next one's probably going in very soon), but I don't know how soon they go public after they're filed.

platypus,
@platypus@glammr.us avatar

@JMarkOckerbloom @dsalo and this past year there's the suit against María

dbs,
@dbs@code4lib.social avatar

@platypus @JMarkOckerbloom @dsalo huh I had not heard of that one. Their precioussss MARC records, oh no!

dbs,
@dbs@code4lib.social avatar

@platypus @JMarkOckerbloom @dsalo oh damn that's our Maria! Shit

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